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This Week: Netflix results, Pinterest’s IPO, housing starts

April 15, 2019

A look at some of the key business events and economic indicators upcoming this week:

SHAKY STREAM?

Wall Street expects that Netflix’s latest quarterly snapshot will show mixed results.

Financial analysts project that the video streaming service’s first-quarter earnings declined from a year earlier, even as revenue rose. The company is rolling out price increases in the U.S., so investors will be listening Tuesday for signs that the move is prompting subscribers to drop Netflix.

PINNED TO THE STREET

Soon investors will be able to “pin” Pinterest to their stock portfolio.

The digital scrapbooking site is expected to make its stock market debut Thursday under the ticker symbol “PINS.” The company, which lets users search for and “pin” images as inspiration for travel, fashion and more, is one of several high-profile technology companies set to become publicly traded this year.

HOUSING MARKET BELLWETHER

The Commerce Department issues its March tally of newly started residential construction projects Friday.

Housing starts fell 8.7 percent in February as ground breakings for single-family houses plunged to their lowest level in nearly two years. Single-family housing starts are running 2.3 percent below last year’s pace. Economists project that housing starts rose last month.

Housing starts, monthly, seasonally adjusted annual rate:

Oct. 1,209,000

Nov. 1,206,000

Dec. 1,140,000

Jan. 1,273,000

Feb. 1,162,000

March (est.) 1,268,000

Source: FactSet